Power Grid Corporation Q3 Profit Jumps 11% to Rs 4,028 Cr
By Rediff Money Desk, NEWDELHI Feb 07, 2024 16:07
Power Grid Corporation's net profit surged 11% to Rs 4,028 crore in Q3 FY24, driven by higher revenues. The company's board also approved a second interim dividend of Rs 4.50 per share.
![Power Grid Corporation Q3 Profit Jumps 11% to Rs 4,028 Cr](https://im.rediff.com/money/2023/aug/10power.jpg)
Photograph: Courtesy Power Grid Corporation
New Delhi, Feb 7 (PTI) State-owned Power Grid Corporation on Wednesday posted a 10.5 per cent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues.
Its consolidated net profit stood at Rs 3,645.29 crore in the year-ago period, the company said in a regulatory filing.
Total income increased to Rs 11,819.70 crore in the third quarter of FY24 from Rs 11,530.22 crore a year ago.
The company's board of directors, in their meeting on Wednesday, approved the payment of second interim dividend of Rs 4.50 per equity share of Rs 10 each (at the rate of 45 per cent of the paid-up equity share capital) for 2023-24.
The second interim dividend shall be paid to members on March 5, 2024.
Its consolidated net profit stood at Rs 3,645.29 crore in the year-ago period, the company said in a regulatory filing.
Total income increased to Rs 11,819.70 crore in the third quarter of FY24 from Rs 11,530.22 crore a year ago.
The company's board of directors, in their meeting on Wednesday, approved the payment of second interim dividend of Rs 4.50 per equity share of Rs 10 each (at the rate of 45 per cent of the paid-up equity share capital) for 2023-24.
The second interim dividend shall be paid to members on March 5, 2024.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...